BitMEX spent roughly two years seeking a buyer, including talks with self-custody platform Exodus, before the process collapsed.
Co-founders Arthur Hayes, Ben Delo and Samuel Reed reportedly still held a large majority stake, despite stepping back after 2020 US criminal charges.
BitMEX pleaded guilty to Bank Secrecy Act violations in 2022 — a legal history buyers with their own compliance exposure weren't willing to inherit.
Anyone with a BitMEX balance should watch the exchange's official shutdown notice closely and move funds off the platform well before the September 23 deadline.
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